Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.09% | 0.00% |
| 2010: | 9.09% | 0.00% |
| 2009: | 27.27% | 0.01% |
| 2008: | 9.09% | 0.00% |
| 2005: | 9.09% | 0.00% |
| 2004: | 27.27% | 0.01% |
| 2002: | 9.09% | 0.00% |
| Location | Contribution | |
|---|---|---|
| 251: | WATFORD, ON | 0.021% |
| 252: | WESTPORT, ON | 0.021% |
| 253: | CONISTON, ON | 0.021% |
| 254: | RICHMOND, ON | 0.021% |
| 255: | SEAFORTH, ON | 0.021% |
| 256: | SCHOMBERG, ON | 0.021% |
| 257: | SHANTY BAY, ON | 0.021% |
| 258: | LIVELY, ON | 0.021% |
| 259: | CHAPLEAU, ON | 0.021% |
| 260: | HOLLAND LANDING, ON | 0.019% |
| 261: | MALLORYTOWN, ON | 0.019% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 45.5% | |
| Qualification: | 18.2% | |
| Renewal: | 9.1% | |
| Home Renovation: | 9.1% | |
| Low Doc: | 9.1% | |
| First-time Buyer: | 9.1% | |
| Total Application Types Found: 6 | ||
Average age: 47
Oldest age: 67
Youngest age: 29
The amounts below are the average income of people living in Schomberg who have submitted an inquiry using CanEquity's online mortgage application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Schomberg: | $89,973.09 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $30,474.63 |
| mortgage co-applicants in Schomberg: | $74,820.00 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | $32,416.87 |
Since the average income of Schomberg is notability higher than the national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.
| Median annual gross income for | |
|---|---|
| mortgage applicants in Schomberg: | $66,000.00 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | $6,501.53 |
The information below represents the residential status of people living in Schomberg who have applied for a mortgage using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 18.2% | |
| Own: | 81.8% |
The pie chart below represents the marital status of applicants from Schomberg, Ontario using the preapproval application located at canequity.com. 45% of the mortgage applicants are living together with someone, while only 54% are not living with someone.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 45.5% | |
| Separated: | 27.3% | |
| Single: | 27.3% |
